One of Pinnacle Farms’ sow barns at Standard, Alta., about 80 km east of Calgary. (VerusAlliance.com)

Olymel buys Alberta hog farming operation

Reading Time: 2 minutes Pork and poultry processor Olymel has tightened the links in the hog supply chain for its Alberta pork plant by buying supplier Pinnacle Farms. Olymel, the meat packing arm of Quebec’s La Coop federee, announced Friday it has bought Standard, Alta.-based Pinnacle, including all its hog inventory, for an undisclosed sum. The company’s 30 employees […] Read more

(ManitobaPork.com)

Argentina pledges access for Canadian pork

Reading Time: 2 minutes Canada and Argentina are in late-stage talks that would see Canadian pork exporters regain access to that South American market. Following a meeting between Argentina’s President Mauricio Macri and Canada’s Prime Minister Justin Trudeau, the federal government last Friday said the two countries have “acknowledged the necessary steps to complete the process to allow for […] Read more


(FarmerJohn.com)

Smithfield Foods to buy Farmer John from Hormel

Reading Time: < 1 minute Reuters — Smithfield Foods said it would buy parent of the Farmer John and Saag’s Specialty Meats brands, and farm operations in three U.S. states from Hormel Foods for US$145 million in cash. Smithfield will buy Clougherty Packing as well as hog farm operations under PFFJ, or Pigs for Farmer John, in California, Arizona and […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle futures climb as cash price outlook improves

Reading Time: 2 minutes Chicago/Reuters – Chicago Mercantile Exchange live cattle futures on Thursday gained for a third straight day, driven by short-covering following renewed optimism for cash prices by Friday, traders said. December and February contracts broke through their respective 10-day moving averages of 102.90 and 104.86 cents, which triggered fund buying. December live cattle closed 1.025 cents […] Read more



Photo: Canada Beef Inc.

U.S. livestock: CME live cattle futures shrug off early losses

Reading Time: 2 minutes Chicago/Reuters – Chicago Mercantile Exchange live cattle futures closed higher on Wednesday after bargain buying and cash price expectations offset initial selling, said traders. CME cattle and hog market participants at first sold futures after Donald Trump unexpectedly won the U.S. presidential election on Tuesday. “People are still concerned about what a Trump administration would […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: Bargain buying reverses CME live cattle futures skid

Reading Time: 2 minutes Chicago/Reuters – Chicago Mercantile Exchange live cattle futures rallied on Tuesday as strength from bargain buying and short-covering ended the market’s four-session slide, said traders. They said futures garnered more support from fund buying after contracts broke through technical resistance levels. Most actively traded December live cattle closed 0.950 cent per pound higher at 102.600 […] Read more

U.S. livestock: CME live cattle futures losses mount; hogs rally

Reading Time: 2 minutes Chicago/Reuters – Chicago Mercantile Exchange live cattle futures closed lower for a fourth straight session on Monday, led by initial technical selling and a retreat in wholesale beef values, said traders. Most actively traded December live cattle closed 1.075 cents per pound lower at 101.650 cents, and settled nearly par with the 40-day moving average […] Read more


U.S. livestock: CME live cattle, hog futures extends losses

Reading Time: 2 minutes Chicago/Reuters – Chicago Mercantile Exchange live cattle futures on Friday settled in negative territory for the third straight day after cash prices fell short of investors’ expectations, said traders. CME live cattle losses mounted after falling below technical support levels, which triggered sell stops and fund liquidation. Most actively-traded December live cattle closed 1.350 cents […] Read more

Photo: File

U.S. livestock: Live cattle, hog futures stumble on profit-taking

Reading Time: 2 minutes Chicago/Reuters – Chicago Mercantile Exchange live cattle futures finished lower on Thursday, hit by profit-taking and early-session technical selling, traders said. Investors sold the October contract and simultaneously bought deferred months, in a trading strategy known as bear-spreading. Most actively traded December live cattle closed 1.300 cents per pound lower at 104.075 cents, and February […] Read more